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Missgeorge  (Level: 63.0 - Posts: 388)
Thu, 24th Jul '08 6:22 PM


My husband signed up for Social Security and is scheduled to have his first check direct deposited in August 08.

We fully understand about income limitations while collecting Social Security.

One thing we are puzzled about. During the months with 4 weeks in the month my husband will earn $90.00 less than the monthly income limit, and, during the few months that have 5 weeks in the month, he will make $172.00 over the monthly income limit.

What my husband and I are trying to figure out is, will Social Security make a deduction for the following month's check as a penalty, or, will they not send a check at all?

We tried to talk to a live person at Social Security, and all we got was a bunch of confusing double talk. They said a lot of things are taken in consideration. One thing they did say was that the fact my husband earned less than the maximum income allowed during the previous month and the following month DID NOT factor into their decision.

We also sent an e-mail which they did not respond to.

Certainly my husband and I cannot be the first people to ask this question.

Anyone who has an answer to this problem would be greatly appreciated.

4getful1  (Level: 183.6 - Posts: 3057)
Thu, 24th Jul '08 6:30 PM

I've been receiving Social Security since January, however, since I have no earned income at all, the answer I'm giving you is pure speculation on my part. I believe that if I had a job that paid more than the SS allowable maximum, my Social Security Check would be the same each month, and the place where I would give back the over payment for excess earnings is at tax time. I could be mistaken about this, but that's my theory. Perhaps more knowledgeable veteran retirees can clarify this for us.


Rowlanda  (Level: 70.0 - Posts: 2853)
Thu, 24th Jul '08 6:32 PM

I'm not in the US----but it would make sense that they do not
take slight monthly income fluctuations into account---- in
determining your Social Security cheque.
After all, you only send in a Tax Return once a year....
If at the end of a year the fluctuations have been substantial,
then I imagine they will adjust the cheque amount for the next year.
They know you need to know where you stand financially.
Does that help????

Lucimoore  (Level: 192.1 - Posts: 1732)
Thu, 24th Jul '08 7:13 PM

I don't know if your husband has reached age 65 or not so I don't know if this will help but here goes:

For those under full retirement age, the law requires that a report of earnings be filed with SSA within 3 months and 15 days after the end of any taxable year in which you earn more than the annual exempt amount. You may contact SSA to file a report. Otherwise, SSA will use the earnings reported by your employer(s) and your self-employment tax return (if applicable) as the report of earnings required by law and adjust benefits under the earnings test. It is your responsibility to ensure that the information you give concerning your earnings is correct. You must furnish additional information as needed when your benefit adjustment is not correct based on the earnings on your record.

My husband begins receiving his benefit next month (Aug), he turned 62 in June 2008 and decided to begin his claim at age 62 instead of waiting until 65 or older. July payment was withheld and payments are set for the 4th Thursday in August. He applied 3 months ahead of time in order to receive his benefit at the earliest time possible. So just because you apply in a timely manner does not mean your payments will begin the month of or the month following the event of your 62nd birthday. The above text was part of the paperwork he received from SSA.

Papermanbill  (Level: 41.3 - Posts: 1312)
Thu, 24th Jul '08 7:37 PM

I get two pensions per month. I was drawing off the Teamsters six years before I got Social Security. If your husband signed up correctly and was approved you don't have to worry about anything. Rowlanda was right. No doubt you had to prove who you were , where you worked, where you live, you and your spouse's birth certificates, plus where you bank and if you were in the Armed Forces. Don't worry, if you are wrong they will tell you, quick.

Toledosugar  (Level: 51.4 - Posts: 281)
Thu, 24th Jul '08 7:44 PM

You might want to try the website just key in to your search engine socialsecurityonline

Missgeorge  (Level: 63.0 - Posts: 388)
Thu, 24th Jul '08 7:52 PM

I tried the website. Maybe I just fell off the turnip truck, but, it made very little sense to us. I will have a drink of wine, and maybe I will stop worrying so much.

Eesusbejesus  (Level: 75.0 - Posts: 3641)
Thu, 24th Jul '08 8:27 PM

I don't know anything about this subject, but I sure would be interested in hearing once you find out.

Bbear  (Level: 167.3 - Posts: 2297)
Thu, 24th Jul '08 8:31 PM

As a hospice director I deal with Medicare recipients all the time. They tend to be totally clear about their income and I have never heard that the fluctuations matter in the long run. Because you won't get an answer out of the govn'ment you might just want to chill for a couple of months and see what happens.

Papermanbill  (Level: 41.3 - Posts: 1312)
Thu, 24th Jul '08 9:08 PM

Lori, You have a bit to go yet. When you hit a half century then it's time to ask questions and get any literature you can. If you can go to a Social Security office in person, do it. Do "not" trust this internet for anything like this, get all your required info on paper. You should be getting a statement yearly that tells you of all your past earnings, this is a good thing to keep. There are simple formulas to check out on this form and you can find out what you will get back monthly when your time comes. One thing to be aware of, they might try to tell you to work until you are at least 67, I recommend going at 62, if you can get by. I would've had to have been guaranteed to live eleven years (til I'm 76) to break even before collecting an extra $350 per month. It is a nice feeling knowing that every fourth Wednesday of the month, there's a nice little deposit left for you. BTW, they assign you a day of the week to pay instead of all on the first or last of the month.

Eesusbejesus  (Level: 75.0 - Posts: 3641)
Thu, 24th Jul '08 9:11 PM

Thanks. Its still good to know. Before you know, those kinds of things creep up on you and I want to be informed. These threads are a great way to find out information. Not only do you get the info, but you get to hear problems people have encountered and how they dealt with them.

Eesusbejesus  (Level: 75.0 - Posts: 3641)
Thu, 24th Jul '08 9:51 PM

BTW does winning the lottery affect your social security? Because I plan on doing that soon.

Rowlanda  (Level: 70.0 - Posts: 2853)
Thu, 24th Jul '08 10:12 PM

Only if you invest the money....
Safer to stuff your mattress with the cash
and hope you never pee at night....

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